The US Federal Reserve (#Fed ) is expected to cut interest rates by 0.5 percent at its upcoming meeting. It is estimated that 125 thousand new jobs are expected in the US in August, while the unemployment rate is at 4.3%.

Low interest rates could ease market concerns, which could lead to a rise in #Bitcoin and altcoin prices.

The US Federal Reserve is expected to announce a 50 basis point rate cut at its upcoming meeting after this week's critical US Jobs data. According to Citi analysts, US nonfarm payrolls data is expected to show that 125,000 jobs were added in August and the unemployment rate is 4.3%.

According to analysts, this data could help the US central bank move with a softer plan with its policy rate plans in September.

However, market observers are predicting a potential rise in Bitcoin and altcoin prices.